The Pacific Alliance Casts Its Cloud over Latin America

GIGA Focus International 8/ 2013von Detlef Nolte and Leslie WehnerIn a joint declaration on 8 October 2013, the presidents of the Pacific Alliance (PA) – an organisation legally constituted in 2012 that is comprised of Chile, Colombia, Peru and Mexico – announced the conclusion of trade negotiations to remove all tariff barriers between its member states, thus making it the eighth largest economy in the world. This new free trade agreement (FTA) has attracted the interest of states and business sectors around the world, including the German Business Association for Latin America, which will dedicate its Latin American Day conference in November 2013 to new group.

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